trade war
Perdue says second tranche of Trump tariff payments is on its way
Farmers can expect a cash injection of billions of dollars in Trump tariff payments later this month or in December, said Agriculture Secretary Sonny Perdue on Thursday. “We hope that trade will supplant the need for aid in 2020,” he said, pointing to progress in negotiations to resolve the Sino-U.S. trade war.
Farmers support trade war despite their financial losses
APEC gone, ‘phase one’ still on track
The “phase one” agreement that calls for China to purchase vast amounts of U.S. farm exports should be ready for signature by mid-November, regardless of the cancellation of the summit meeting where President Trump and President Xi Jinping were expected to sign it, said the White House on Wednesday.
Ag purchases are welcome, but significant Sino-U.S. issues remain, says Pence
President Trump aims to sign a “phase one” trade agreement with China that will result in vast sales of U.S. farm exports on the way to resolving “a whole range of structural and significant issues” between the nations, said Vice President Mike Pence on Thursday. China would spend $40 billion to $50 billion on ag products, according to the White House.
Despite trade and weather woes, low farm income ‘not so unusual’
Trade war a factor in slower world growth, says IMF
One-year wonder: U.S. soy stockpile to shrink as quickly as it grew
Aided by the Sino-U.S. trade war, the U.S. soybean inventory doubled to a record 913 million bushels in one year, the government said on Thursday. At the same time, the USDA estimated that total will be cut in half by next September.
Ahead of trade talks, Trump asks China to investigate Biden family
With Sino-U.S. trade talks scheduled to resume next week, President Trump said on Thursday that “China should start an investigation into the Bidens.” He also said his administration was “looking at a lot of different things” to increase pressure on China to resolve the trade war.
More trade aid to farmers? ‘We’ll see what happens,’ says Trump.
Ahead of high-level Sino-U.S. trade talks, President Trump said on Monday that “I would much prefer a big deal” that would end the trade war, while at the same time touting the billions of dollars that farmers are receiving to mitigate the impact of lost exports.
On cusp of trade pact with Japan, Trump sees no hurry on China
When President Trump meets Prime Minister Shinzo Abe of Japan on Wednesday, it should be a red-letter day for Trump's policy of bilateral, rather than multi-nation, trade negotiations. The two leaders are expected to approve a deal on agricultural and digital trade. U.S. food and ag exports could rise as a result.
Southeast will get most of $3 billion in agricultural disaster aid
Floods and crop-delaying rains in the Midwest generated a lot of attention, but the hurricane-hit U.S. Southeast will see the bulk of the $3 billion allocated by Congress for agricultural disaster relief, said Agriculture Undersecretary Bill Northey on Thursday.
Chinese delegation to visit U.S. farms next week
In what may be an opening in the Sino-U.S. trade war, a group of Chinese officials will tour U.S. farms next week, said Agriculture Secretary Sonny Perdue on Thursday.
Stopgap funding bill includes money for Trump tariff payments
As expected, House Democrats included funding for trade war payments to farmers and ranchers in a stopgap funding bill, released Wednesday, to keep the government running until Nov. 21.
Will Congress close the checkbook on Trump tariff payments?
A veritable footnote in the $4 trillion federal budget could become a top-line issue this week in the debate between lawmakers and the administration over government funding. House Democrats might refuse to provide money for the obscure USDA agency that has sent billions of dollars in cash to farmers and ranchers to mitigate the impact of the Sino-U.S. trade war.
China buys $67 million worth of U.S. soybeans as trade war eases
Ahead of working-level U.S.-Chinese trade talks this week, China bought $67 million worth of U.S. soybeans and said it would exempt American pork and soy from additional tariffs taking effect this month. President Trump said he would "rather get the whole deal done" but could be open to a mini-deal with China.
The road to China runs through the USMCA, say backers
At a farm group rally on Thursday for approval of the United States-Mexico-Canada Agreement, two senior members of the U.S. House said that action on the USMCA would carry benefits in resolving the Sino-U.S. trade war.
We’ve got pork. China needs it, say hog farmers.
Leaders of the National Pork Producers Council appealed to China to remove its 60 percent tariff on imports of U.S. pork so it can bring down the soaring price of pork for Chinese consumers.
In goodwill gesture, Trump delays higher Chinese tariffs for two weeks
Hours after complimenting China for waiving tariffs on some U.S. products, President Trump announced on Wednesday a two-week delay, until Oct. 15, of higher tariffs on $250 billion worth of Chinese-made goods. On social media, Trump called the delay “a gesture of good will.”